Global crude steel production across 64 countries increased by 7pc to 161.9mn mt in October compared with the same month last year, according to the World Steel Association (worldsteel).
China leads Asian steel output
China’s crude steel production increased by 12.7pc to 92.2mn mt last month compared with October 2019, while India’s output inched up by 0.9pc to 9.1mn mt during the same period. According to worldsteel data, Japan’s crude steel production fell by 11.7pc to 7.2mn mt while South Korea’s steel output declined by 1.8pc to 5.9mn mt during the same timeframe under comparison.
Crude steel output jumps in Turkey, CIS
In the EU, Germany’s crude steel production grew by 3.1pc to 3.4mn mt in October from the same month last year, while Italy’s output decreased by 4.6pc to 2.1mn mt last month from October 2019. Crude steel output in Spain declined by 7.7pc to 1.1mn mt during the same period under review.
In Europe, Turkey’s crude steel output surged by 19.4pc to 3.2mn mt and jumped in the CIS region by 4.7pc to 8.4mn mt. October’s steel production in Ukraine rose by 5.9pc to 1.7mn mt from the same prior-year period, worldsteel noted.
In North America, steel production declined by 15.3pc in the US to 6.1mn mt in October compared to the same month last year. However, crude steel production in Brazil was up by 3.5pc in October to 2.8mn mt from the same month in 2019.